StockNews.AI
EPRT
StockNews.AI
154 days

Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock

1. EPRT announced an upsized offering of 8.2 million shares. 2. This could raise approximately $254.2 million for the company.

2m saved
Insight
Article

FAQ

Why Bearish?

The issuance of new shares typically dilutes existing shares, affecting shareholder value. Historical instances show public offerings often lead to short-term price declines due to perceived dilution.

How important is it?

The capital raised can strengthen the company's balance sheet, but the dilution may concern current shareholders. The size of the offering indicates a significant corporate move that affects investor sentiment.

Why Short Term?

Share price movements from equity offerings usually manifest immediately post-announcement. Past examples indicate the effects are often temporary as market adjusts to new share supply.

Related Companies

SPCEOSRC
PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an upsized underwritten public offering of 8,200,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below. The aggregate gross proceeds to the Company from the offering, before deducting estimated offering expenses, are expected to be approximately $254.2 million. The offering is expected to clos.

Related News